Cardinal Infrastructure buys Florida's Hughes Brothers for $357M

What's the deal? Raleigh-based Cardinal InfrastructureDealroom has a profile for this one. Try Dealroom → has acquired Florida company Hughes BrothersDealroom has a profile for this one. Try Dealroom → for $357 million, the construction firm announced in October 2026.

Why now? The purchase extends an acquisition streak that has kept Cardinal in growth mode following its IPO. It arrives alongside a new headquarters in Raleigh.

What's the endgame? The Florida deal expands Cardinal's footprint into a key new market as it builds scale across the construction sector.

The signal: A string of deals capped by this $357 million purchase points to continued consolidation among construction firms chasing geographic reach.

Read more: bizjournals.com

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